Results 1 to 3 of 3
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11-22-2016, 10:55 AM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Auto Parts Retailer
There is an auto parts retailer doing about $250K/month with a MCC first of 226K that they want rolled into a weekly payment. I tried QS and they said they couldn't do much as the client just asked for a payment reduction from the first lender.
Consolidations are out as the company is reporting losses in 2015 and the tax returns aren't adding up. Anything that can be done on this one or is this a dead deal for now?
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11-22-2016, 11:07 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Consolidations should not be discounted if the client has the assets on the balance sheet to write the paper.. Many Auto Parts firms get busier this time of year and also have an inventory component..
Touch base for perspective..
RG
rg@businesscapitalconsultants.com
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11-22-2016, 12:41 PM #3
- Join Date
- Nov 2016
- Posts
- 12
How do their PB months look?
C - 610-613-9853
zack@canarybusinessfunding.com
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